www.canasil.com

Corporate Presentation

Silver-Zinc and Gold-Copper Exploration in

Mexico and British Columbia, Canada

April 2007

“Forward-looking Statements”This presentation contains certain statements that may be deemed “forward-looking statements”.

All statements in this presentation, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on

reasonable assumptions, Investors are cautioned that such statements are not guarantees of future performance. Forward-looking statements are based on the beliefs, estimates and opinions of the

Company’s management on the date the statements are made.

Corporate overview and objectives:

• Active Canadian mineral exploration company focused on

enhancing mineral asset and shareholder value

• Strong portfolio of highly prospective precious and base

metal properties in Mexico and B.C., Canada

• Directors, advisors and management have extensive

experience in the mineral exploration and mining industry

• Management track record of identifying and advancing

many key mineral exploration projects

• Multiple projects and targets, multiple chances for

discovery and success

Great Experienced Great

Projects + Management = Results

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Key Factors for Growth in Canasil Share Value:

• Twelve exploration projects in Mexico and Canada

• Discovery potential for Gold, Silver, Copper, Zinc

• Potential for taking projects through to productionand/or joint ventures to advance projects

• Experienced professional managementteam with proven record of success

• Low dilution and strong capital structure allowing significant upside potential in share value

• Location of main exploration projects, close to major producing mines in politically stable jurisdictions

• Current historically high precious and base metal prices

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8 ExplorationProjects inMexico:

Over 123,000 hectaresCombined landposition

Located in known mineralized trendsclose to Durango

Prospective for Gold, Silver,Copper & Zinc

High discoverypotential

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4 Explorationprojects inB.C., Canada:

Over 12,000hectares locatedon one of the largest mineralized beltsIn Canada

Located near majorproducing mines and deposits

Potential for discovery of amulti-million ouncegold-copper deposit

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Management team:

Alvin Jackson (Eurozinc Mining, Amoco/Cyprus)Michael McInnis (Gateway Gold, Intl. Curator, Champion Res.)Gary Nordin (Nevada Pacific Gold, Eldorado Gold, Bema Gold)Arthur Freeze (Principal geological consultant – Goldcorp)Bahman Yamini, Pres. & CEO, (Director Canasil since 1993)Kerry Spong, CFO & VP Finance (Director Primary Metals)Graham Scott, Corp. Sec. & Legal Counsel (Vector Corp. Fin. Lawyers)Erme Enriquez, Director Exploration & Development, Mexico

Advisors:

Peter Steen (International Corona, Homestake)Richard Gilbert (Resource bank & Trust, Stillwater Mining)Andre Panteleyev, PH.D. (Consulting geologist)Iain MacPhail, (Dir. Oremex Res., CFO Far West Mining)

• Well recognized industry professionals• Extensive exploration experience• Successful track record of discoveries• Experience in taking projects through to production

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Share and Capital StructureLow dilution: High potential upside value

Shares issued: 28,674,342Warrants ($0.35-$0.55 – 06.07-03.08): 6,064,000Options ($0.10-$0.50 – 2007-2012): 2,700,000

---------------Fully diluted: 37,438,342

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Controlled by insiders & associates 8,000,000

Capital raised to date: $9,033,948Average price per issued share: $ 0.315

Additional Capital on full dilution: $3,166,900

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Mexico Operations and exploration projects:

• 100% owned local operating subsidiary with experienced and “well connected”local operations team

• Full time geological and support staff,active exploration and project acquisition program

• Most projects 100% owned;acquired through staking of claimsor acquisition agreements withmanageable terms

• All projects have high upside exploration

potential close to several currentor past producing mines

• Centrally located around Durango withexcellent road access & infrastructure;focused & efficient exploration programs

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Commodity Status

Title hectares Sept. 2006

Sandra & Nora Au, Ag, Zn 100% 2,001 Drill ready

San Francisco Au, Ag 100% 500 Mapping, Samp.

Los Azules Au, Ag, Cu 100% 7,844 Mapping, Samp.

Colibri Ag, Zn, Pb 100% 6,413 Phase 1 drilling

Salamandra Ag, Zn Opt. 100% 2,778 Phase 1 drilling

La Esperanza Ag, Zn, Pb Opt. 100% 435 Phase 2 drill ready

Tres Marias & Cebollas Au, Ag Opt. 75% 3,163 Drill ready

Salamandra Region Ag, Zn, Cu 100% 100,000 Regional Evaluation

Total: 123,134

Mexico ProjectsClaim Area & Title

• Multiple exploration targets• Gold, Silver, Copper, Zinc, Lead• Active current exploration and drilling• 5 drill ready projects• High potential for discovery

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La EsperanzaAg-Zn-Pb Project

Long section

Strong silver-zinc-

Lead Vein system,With wide widths and

High Silver grades

Open along strike

and at depth

ES-06-04 (-100 m)7.52 m true widthAv. 388g/t Ag634g/t Ag over 2.66 m

ES-06-05 (-150 m)9.8 m true width

Av. 396 g/t Ag1,360g/t Ag over 1.93 m

20.711.668370.715125: 155.22 – 155.93m

3.600.466000.985118: 149.17 – 150.15m

3.200.292,1440.955117: 148.22 – 149.17m

Lead %Zinc %Silver g/tWidth mSample No.

La Esperanza drill hole ES-06-05 – Sept. 2006 – high-grade intercepts

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COLIBRI Silver-Zinc-Lead ProjectPhase 1 drilling in progress

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Drill testing

Vein systemOver 2km in

Strike and

Up to 50mwide

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COLIBRI Silver-Zinc-Lead ProjectLinda Vein Copper, Silver, Zinc

0.307.461771.00And: 77.35 – 78.35 m

1.963.49983.70Incl: 74.65 – 78.35 m

1.402.04656.5074.65 – 81.15 m

Zinc %Copper %Silver g/tWidth mIntercept

Colibri drill hole CO-07-09 – Mar. 2007 – high-grade intercepts

SANDRA Gold-Silver-Copper-Lead ProjectPhase 1 drilling planned

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Drill testingMultiple veins

Over area of

2km by 750m

SALAMANDRA Zinc-Siver ProjectGeophysics & Geochem Define Drill Targets

Phase 1 Drill Program in Progress www.canasil.com

BRENDA Gold/Copper ProjectB.C., Canada

• 25km NW of Northgate Minerals

Kemess South mine

( +2 mill. oz Gold, 300k oz Au/year)

• Excellent access and infrastructure

• Past drilling confirmed ore grade

porphyry gold-copper mineralization

• 2006 mapping confirmed 1,500 x 750m

alteration target zone for drilling

• Potential for a multi-million ounce

gold-copper deposit

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Brenda Au-Cu Project2006 Geological Mapping A. Panteleyev

• Intense high temperature

argyllic alteration

• Alteration mapped over

1.5 km by 750 metres

• Alunite zone and ridges

above alteration zone• Quartz monzonite dyke

in the alteration zone

• Alteration zone could

extend to over 3 km

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Brenda Au-Cu Project - 2007 3D-IP Geophysics & Diamond Drill ProgramTesting below high temperature argyllic alteration and alunite zones

2007 Exploration Programs Mexico and B.C., Canada :

• Mexico drill programs:

La Esperanza – Silver-zinc-lead

Phase 1 drilling completed 2006

Phase 2 (2,500m) drill program planned

Colibri – Silver-zinc-lead

Phase 1 (1,500m) drill program in progress

Salamandra – Zinc-silver

Geophysics completed 2006

Phase 1 (1,500m) drill program in progress

Sandra – Gold-silver-zinc-copper

Phase 1 (1,000m) drill program planned

• B.C., Canada

Brenda – Gold-copper

Geophysics and drilling (2,000m) planned

(2007 planned drill programs fully funded)

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Focused Plan for Value Creation

and Growth in Share Value:

1. Bring together an experienced professionalmanagement team with proven record of success.

2. Assemble multiple high quality exploration projects inmineral rich districts and stable jurisdictions.

3. Finance and implement active exploration programsto discover and define mineral resources.

4. Take projects through to production and/orjoint ventures to advance projects.

5. Maintain strong capital structure and low dilutionto allow greater upside potential in share value.

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